SGL Group have successfully completed the acquisition of the Portuguese company Fisipe – Fibras Sintéticas de Portugal S.A. Following the conclusion of the compulsory offer and squeeze-out, SGL Group now holds 100% of the shares in Fisipe. Fisipe’s listing on the Lisbon Stock Exchange has been discontinued as a result.
As previously announced, with this transaction, SGL Group is expanding its production network for the supply of raw materials for carbon fibre production by including an additional production facility for precursors. For precursor production, the textile fibre production lines already in place are being gradually converted and expanded. The existing production and marketing of acrylic fibres for specific textile and technical applications will be continued. Fisipe has an well-qualified workforce of more than 330, its production capacity has scope for expansion and it offers state-of-the-art R&D facilities and well-developed logistics. Due to the company’s size and own energy supply, Fisipe also stands out for its high cost efficiency.
With this integration, SGL Group is strengthening its technology base along the entire value chain, from the raw materials to carbon fibres right through to the finished composite.[connections id=’2,71′]